President Securities Corporation

NT$48.40As of Sun 8 Nov 2026, 12:00 UTC

TWSE:2855Financials

Country Taiwan

PE (Fwd) •••

TSR 10Y CAGR 24.67%

Div yield 4.36%

ROE 37.64%

Capital Markets

Beta (5Y) 0.98

PE TTM 5.047

TSR TTM 112.86%

Mkt cap NT$77.51B

ROIC 5.83%

SE Grade™

Value

Quality

Moat

Consensus

Reference

NT$62

28.84%

(95.86%)

Hold 9|1|4|10|9

TTM

FYE 31 Dec TWD

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

13.38

RevenueNT$B

10.72

11.77

12.90

13.93

14.81

15.99

17.11

18.08

19.38

21.00

13.88

7.23%

7.90%

18.68

Revenue growth%

26.75

29.65

30.16

31.27

33.01

31.70

28.73

26.92

28.14

27.03

29.22

28.14

29.19

2.94

Gross margin%

18.81

19.91

17.15

15.37

18.01

18.87

17.38

18.06

18.39

15.93

11.82

18.06

18.03

15.10

Operating margin%

1.74

1.62

1.27

1.94

0.72

2.14

0.40

2.33

1.96

1.97

26.74

1.97

1.84

13.33

Net margin%

6.20

6.58

8.99

11.09

8.67

6.34

6.96

9.17

11.89

11.83

19.27

9.17

8.83

10.90

P/E ratio (avg)x

50.79

48.11

44.13

46.38

50.38

51.33

52.19

55.32

51.28

55.83

31.27

52.19

51.03

28.77

EV/EBITx

10.41

10.38

9.045

9.707

10.65

11.20

9.890

8.722

7.707

7.414

23.34

8.722

9.799

13.80

FCF yield (avg)%

24.13

26.47

28.82

30.15

28.82

30.80

29.93

32.67

32.98

30.81

24.30

30.81

30.04

6.21

FCF margin%

15.99

18.04

19.26

19.63

17.71

18.77

16.06

16.44

17.82

15.38

11.22

16.44

17.77

0.379

FCF / Net incomex

0.546

0.496

0.493

0.438

0.406

0.359

0.343

0.319

0.324

0.331

1.656

0.331

0.382

23.03

ROIC%

24.80

23.05

25.21

24.15

24.75

24.85

24.84

24.20

24.91

24.75

20.85

24.84

24.78

28.15

Return on equity%

8.45

8.85

11.58

13.18

11.24

10.23

11.12

9.40

12.26

12.21

2.84

11.12

11.18

23.38

Return on assets%

21.58

22.79

21.91

21.63

23.01

21.78

20.54

19.75

17.38

19.40

15.99

19.75

21.61

1.98

EPSNT$

1.73

1.80

1.75

1.96

2.22

2.08

2.02

2.05

2.18

(0.41%)

2.77%

—

5.43

EPS growth%

6.22

6.93

6.92

5.92

5.54

8.17

8.72

8.29

7.29

7.40

10.63

8.17

7.11

5.11

Bookvalue per shNT$

3.79

3.78

3.96

4.08

4.79

5.02

5.92

6.39

7.01

7.90

5.67

10.53%

8.19%

—

2.42

FCF per shareNT$

5.20

5.42

4.89

5.14

5.06

5.13

4.49

4.26

3.77

3.84

3.81

(5.36%)

(3.17%)

—

3.87

Dividend per shNT$

2.74

2.91

2.66

2.72

2.99

3.13

3.21

2.98

3.24

3.23

2.49

1.58%

2.55%

—

17.93

Div yield (avg)%

5.99

4.80

4.90

5.39

3.04

1.79

2.77

0.47

0.40

27.47

0.47

2.90

8.56

Payout ratio%

2.40

4.59

6.84

6.08

5.00

5.28

6.98

4.95

4.60

5.24

4.15

5.24

5.12

1.555

Shares (diluted)B

1.645

1.685

1.796

1.830

1.832

1.916

1.740

1.878

1.637

1.397

1.617

(5.27%)

(1.26%)

19.28

Buyback yield%

17.59

15.20

14.24

14.06

16.32

13.43

14.57

16.73

14.98

13.95

16.29

14.57

14.77

1.164

D/E ratiox

0.841

0.717

0.756

0.644

0.666

0.695

0.620

0.544

0.557

0.525

0.830

0.557

0.655

14.48

Enterprise valueNT$B

7.987

7.588

7.358

6.969

8.002

7.595

7.721

7.708

7.569

7.279

4.829

(1.88%)

0.56%

12.44

LT debtNT$B

8.360

8.177

8.684

7.774

6.880

6.232

6.430

5.693

5.538

5.984

5.160

(2.75%)

(4.47%)

Peers (US$2.341B)

Cap (US$)

Capital Securities…

2.039B

5.799x

IBF Financial Holdings…

1.755B

13.14x

Yuanta Futures Co.…

879.1M

9.052x

UOB-Kay Hian Holdings…

2.348B

9.795x

Capital

TTM

10Y

Leveragex

1.518

0.147

0.143

EBIT/Intx

0.492

0.672

0.569

Own earn%

41.64

55.70

10.46

Sh yield%

37.21

15.38

18.24

Owners

Insiders/Inst%

2.01

48.72

Short interest%

3.93

SBC / revenue%

2.94

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

0–2

$1 testx

—

Incr. ROIC%

President Securities Corporation, together with its subsidiaries, engages in securities trading and margin lending, securities lending, futures business assistance, proprietary futures trading, issuing warrants, wealth management, and trust businesses.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

NT$21.00B

7.90%

1.00×

Cost of revenue

NT$14.69B

8.21%

1.03×

Operating expenses

NT$4.608B

7.52%

0.97×